EBA Payments
EBA Payments (Iron Oak Payments) is a U.S. SMB payment processor offering credit/debit, ACH, POS, virtual terminal, gift card, and dual pricing solutions, plus business funding and digital services, powered by the Evolv platform for restaurants, retailers, automotive, and high-risk merchants.
- Company typePrivate
- Founded2005
- HeadquartersOrlando, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What EBA Payments does
EBA Payments, operating under the legal entity Iron Oak Payments, is a U.S.-based payment processing and merchant services provider founded in 2005 and headquartered in Jacksonville, FL, with an additional office in Charlotte, NC, and a DBA presence in Orlando. The company processes credit, debit, ACH, and check transactions for small and mid-sized businesses across restaurants, retail, automotive, professional services, contractors, and high-risk industries including cannabis. EBA Payments operates as a Registered Agent Office of Evolv, Inc., which is a registered ISO of Wells Fargo Bank, N.A. and Fifth Third Bank, N.A., providing the sponsor-bank rails for nationwide merchant acquiring.
The core product set spans payment processing, point-of-sale systems, smart terminals, virtual terminals, contactless terminals, gift and loyalty programs, and QuickBooks integration, all delivered through the Evolv platform. A key differentiator is a Cash Discount/Dual Pricing model that allows merchants to pass credit card service fees to consumers while offering discounts for cash or PIN debit; merchants adopting this model receive free terminals. EBA has also layered a Business Funding suite (SBA loans, lines of credit, working capital, equipment financing, commercial real estate, cannabis financing, A/R financing, credit stacking) and Digital Solutions (website design, eCommerce development, listings management, social media management) onto the core processing franchise.
EBA Payments runs a direct, sales-led go-to-market targeting SMBs through a field sales force that visits businesses, tailors merchant accounts, installs equipment, and provides training, supported by phone and email outreach and a website-driven content layer with customer testimonials. Revenue is generated through transaction-based take rates, equipment sales and leasing, recurring merchant services, and (more recently) funding origination; pricing is quote-based and not publicly disclosed. The company claims a nearly 100% merchant approval rate, has operated for nearly 20 years, and has expanded from a regional Southeast provider into a national processor with explicit specialization in card-not-present and MOTO segments.
EBA Payments firmographics
Firmographics- Name
- EBA Payments
- Legal name
- Iron Oak Payments
- Website
- https://ebapayments.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EBA Payments (Iron Oak Payments) is a U.S. SMB payment processor offering credit/debit, ACH, POS, virtual terminal, gift card, and dual pricing solutions, plus business funding and digital services, powered by the Evolv platform for restaurants, retailers, automotive, and high-risk merchants.
- Ownership category
- akta.pro rank
EBA Payments industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Biller Direct EBPP Platforms (FSAMAJAA)
- akta.pro secondary industry
- E-commerce & Digital Checkout Installment Financing (FSAKAFAC)
Keywords
Where EBA Payments is headquartered
LocationHeadquarters
- HQ city
- Orlando
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
EBA Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure
Revenue model
- Payment Processing Services: Transaction-based revenue from processing credit card, debit card, ACH, and check payments for merchants across retail, lodging, restaurant, and e-commerce sectors
- Equipment Sales and Leasing: Provision of payment terminals, card readers, registers, and POS systems to merchants, including free equipment offers for dual pricing customers
- Merchant Account Services: Monthly merchant account services with customized solutions for high-risk industries and specialized business types
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Traditional Processing |
| Transaction based/ take rate | Pay-as-you-go | Dual Pricing/Cash Discount |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
EBA Payments product offering
Product offeringCore offering
EBA Payments (operating as Iron Oak Payments) is a registered agent office of Evolv, Inc. that provides payment processing and merchant services to small and mid-sized U.S. businesses. The company accepts credit cards, debit cards, ACH, and check payments through point-of-sale systems, smart terminals, virtual terminals, contactless terminals, and mobile solutions. It also offers a dual pricing / cash discount platform, gift and loyalty programs, business funding products, and digital marketing services to retail, restaurant, automotive, professional service, and high-risk industry merchants.
Product overview
EBA Payments (operating as Iron Oak Payments) is a payment processing and merchant services provider offering a unified platform of payment solutions combined with digital services and business funding products. The core payment processing offerings include Payment Processing, Point-of-Sale Systems, Smart Terminal, and Virtual Processing, which form the foundational platform. These are supplemented by specialized add-on modules including ACH & Check Solutions, High Risk Processing, Contactless Terminals, Mobile Solutions, Gift + Loyalty, and QuickBooks Integration. The company also provides complementary digital solutions (Website Design, Ecommerce Development, Listings Management, Social Media Management) and a comprehensive suite of Business Funding products (Long Term Loans, Business Line of Credit, SBA Loans, Equipment Financing, Cannabis Financing, and others). The portfolio is powered by Evolv technology infrastructure and includes both traditional credit card processing and dual pricing/Cash Discount options.
Differentiator
Problem solved
Functional benefit
Products and services
- Payment Processing Secure and convenient payment processing service that accepts various payment methods including credit and debit cards for merchant businesses.
- Point-of-Sale Systems Complete POS solutions including registers, card readers, terminals, and software that manages inventory and sales data for retail and restaurant merchants.
- Smart Terminal Mobile payment acceptance solution enabling businesses to accept payments using smartphones or tablets on the go.
- Virtual Processing Web-based payment processing solution that allows businesses to process payments through a secure online portal for card-not-present transactions.
- ACH & Check Solutions Electronic check processing and ACH payment solutions for businesses.
- High Risk Processing Specialized payment processing services for businesses in high-risk industries, including underwriting and account approval that mainstream processors decline.
- Online Payments Digital payment processing solutions for eCommerce and online transactions.
- Contactless Terminals NFC and contactless payment terminals for accepting tap-to-pay transactions.
- Mobile Solutions Payment processing solutions designed for mobile-based businesses and on-the-go transactions.
- Gift + Loyalty Gift card and customer loyalty program solutions that work with credit card processing terminals, including custom-branded card design and production.
- eCommerce Development Development services for building online stores and eCommerce platforms integrated with payment processing.
- Website Design Digital solutions service for designing and developing business websites.
- Listings Management Digital solutions service for managing business listings across multiple platforms.
- Social Media Management Digital solutions service for managing business social media presence.
- Long Term Loans Business funding solutions providing extended-term loan products.
- Business Line of Credit Revolving credit facility for business operational needs.
- Working Capital
Quantifiable outcome
- Nearly 100% merchant account approval rate
- +2 more outcomes
Companies that use EBA Payments
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles5 records
EBA Payments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
EBA Payments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Evolv, Inc.coreEvolv is the technology platform powering EBA Payments. Iron Oak Payments is a Registered Agent Office of Evolv, Inc. The partnership provides the core payment processing infrastructure, virtual terminal, and dual pricing technology capabilities.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
EBA Payments competitors and assessment
Company assessmentDirect peers
- Toast: Vertically-focused restaurant payment processing and POS platform. Directly comparable to EBA's restaurant vertical specialization (e.g., Jack's Corner Tap, Peninsula Prime Seafood), though Toast operates at materially greater scale as a public company.
- Payment Depot: Subscription-style merchant account provider offering interchange-plus pricing to SMBs. Closely comparable to EBA's transparent-pricing, SMB-focused acquiring model and similar in size and sales-led GTM motion.
- Host Merchant Services: U.S. payment processor specializing in SMBs with transparent interchange-plus pricing and a direct sales GTM. Comparable to EBA in customer profile and pricing philosophy.
- Helcim: Canadian SMB payment processor expanding into the U.S. with interchange-plus pricing and integrated software. Comparable to EBA in SMB acquisition strategy and product breadth (processing, virtual terminal, mobile).
- Dharma Merchant Services: SMB-focused U.S. merchant account provider with high-risk vertical capabilities. Directly comparable to EBA's high-risk processing specialization and SMB sales motion.
- Stax (formerly Fattmerchant): Subscription-based payment processing platform targeting SMBs and ISVs with transparent pricing. Comparable to EBA in customer profile (multi-vertical SMB) and pricing model that competes with traditional interchange-plus structures.
- National Processing: U.S. SMB merchant services provider with a direct sales motion similar to EBA's, offering processing, POS, and cash discount programs. Closely comparable in scale, target customer (SMB), and high-risk vertical exposure.
Broad incumbents
- Clover (Fiserv): Fiserv's SMB-focused POS and payment processing platform used by restaurants and retailers. Comparable to EBA in core merchant services and POS, but embedded in a much larger financial-services parent with broader software/app marketplace.
- Square (Block, Inc.): Dominant SMB payment processor and POS provider serving restaurants, retail, and service businesses. Directly comparable to EBA's core acquiring + POS offering but with vastly greater scale, brand recognition, and software ecosystem.
- PayPal Zettle: PayPal's SMB POS and payment processing offering for retail, restaurants, and on-the-go businesses. Comparable to EBA's smart-terminal and mobile-solutions products but as part of a much larger PayPal ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
EBA Payments social profiles
Digital presenceEBA Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
EBA Payments leadership team
Management profileNumber of profiles
Profiles1 record
EBA Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EBA Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EBA Payments
What does EBA Payments do?
EBA Payments (operating as Iron Oak Payments) is a registered agent office of Evolv, Inc. that provides payment processing and merchant services to small and mid-sized U.S. businesses. The company accepts credit cards, debit cards, ACH, and check payments through point-of-sale systems, smart terminals, virtual terminals, contactless terminals, and mobile solutions. It also offers a dual pricing / cash discount platform, gift and loyalty programs, business funding products, and digital marketing services to retail, restaurant, automotive, professional service, and high-risk industry merchants.
Is EBA Payments a public or private company?
EBA Payments is a private company. It is classified as corporate owned and is currently operating.
When was EBA Payments founded?
EBA Payments was founded in 2005. It employs 11 to 50 people.
Where is EBA Payments based?
EBA Payments is headquartered in Orlando, United States, in the North America region.
How does EBA Payments make money?
Three revenue lines are on record. Payment Processing Services are the primary driver. The others are equipment Sales and Leasing and merchant Account Services.
Who are EBA Payments's main competitors?
Direct peers on record are Toast, Payment Depot, Host Merchant Services, Helcim, Dharma Merchant Services, Stax (formerly Fattmerchant) and National Processing. Broad incumbents are Clover (Fiserv), Square (Block, Inc.) and PayPal Zettle.
Does EBA Payments have an API?
No public API is recorded for EBA Payments.
What industry is EBA Payments in?
EBA Payments's product category is Payment Processing Services. Its primary akta.pro industry code is FSAMAJAA, Biller Direct EBPP Platforms, with a secondary code of FSAKAFAC, E-commerce & Digital Checkout Installment Financing. Its NAICS code is 522320 and its SIC code is 6199.